In West Vancouver, there were 60 sales in the month of May. The sales to new listings ratio was 31% which represents a buyer’s market. For May 2021, the sales to total active listings percentage was 13%, an increase from 7% in May 2020. Sales for May 2021 were up by 33 units compared to May 2020.
The West Vancouver listing inventory has increased by 45 homes compared to April 2021. The average price year-to-date (YTD) is up by 32% compared to May 2020. The West Vancouver median price decreased by $100,000 from April 2021 to May 2021 ($3,200,000 to $3,100,000).
In North Vancouver, there were 128 sales in the month of May. The sales to new listings ratio was 51% which represents a seller’s market. For May 2021, the sales to total active listings percentage was 48%, an increase from 19% in May 2020. Sales for May 2021 were up by 77 units compared to May 2020.
The North Vancouver listing inventory has increased by 43 homes compared to April 2021. The average price year-to-date (YTD) is up by 19% compared to May 2020. The North Vancouver median price decreased by $60,000 from April 2021 to May 2021 ($1,935,000 to $1,875,000).
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Prepared by:
John Jennings
Royal LePage Sussex-John Jennings
